Modifications to the Rules Pertaining to the School District Budget Law

Purpose/Objective of Rule

1 Statement of Basis and Purpose Amendments. The 2010 changes to the rules are being made due to statutory amendments included in HB 08-1388, HB 10-1013, HB 10-1171, SB 09-256, and SB 10-161.
The rules are being modified to include charter school collaboratives for purposes of applicability, elimination of the budget reporting requirements to the department, addition of a required uniform summary sheet format to the budget process, and expansion of the 3% emergency reserve requirement to allow a letter of credit or designation of real property.